USD 8.72 Bn growth in Lecture Capture Systems Market | North America to occupy 34% market share | Technavio – QNT Press Release

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NEW YORK, Feb. 28, 2022 /PRNewswire/ — The global lecture capture systems market size is expected to increase by USD 8.72 billion between 2021 and 2026, progressing at a CAGR of 23.7% during the forecast period. Technavio expects the market to observe maximum growth in North America. The region currently holds about 34% of the global market share. The market growth in the region can be attributed to the surge in the digitization of education and corporate sectors. However, faster growth is expected in APAC during the forecast period.

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The market is fragmented and is characterized by the presence of a large number of diversified international and regional players. Vendors in the market are adopting various growth strategies including product/service extensions, technological innovations, and mergers and acquisitions to remain competitive in the market. This is expected to intensify the competition in the market. Vendors are also increasingly adopting innovative customer support methods such as webinars for product releases and improved functionalities to gain an edge over their competitors.

Apollo Global Management Inc., Cisco Systems Inc., Crestron Electronics Inc., Echo360 Inc., Epiphan Systems Inc., Haivision Systems Inc., Kaltura Inc., Lumens Digital Optics Inc., Matrox Electronic Systems Ltd., NewTek Inc., Panopto Inc., Plantronics Inc., Qumu Corp., ShareStream Education Resources LLC, Sonic Foundry Inc., TechSmith Corp., Telestream LLC, TELTEK Video Research SL, UbiCast, and YuJa Inc. are some of the dominant players in the market.

Factors such as a rise in the adoption of active learning, the emergence of video content search technology, and a hike in corporate spending on training will offer immense growth opportunities for market players. However, the reluctance to adopt lecture capture solutions, the threat from active learning platforms, and the threat from open-source platforms will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Lecture Capture Systems Market 2022-2026: Segmentation

Lecture Capture Systems Market is segmented as below:

• End-user
• Educational Institutes
• Corporate
• Geography
• North America
• Europe
• APAC
• South America
• The Middle East and Africa

By end-user, the educational institutes’ segment exhibited the high demand for lecture capture systems in 2021. The increasing popularity of digitized content and e-learning is one of the major factors driving the growth of the segment. In addition, other factors such as increasing adoption of virtual classrooms, the introduction of blended learning practices, and technological advancements in the education sector are contributing to the growth of the segment.

By geography, North America accounted for the largest share of the market. Most of the major universities and schools in the US and Canada are providing lecture capture solutions to their students to ensure an improved understanding of the topics taught in the class. In addition, the increasing launch of online learning applications is contributing to the growth of the regional market. The US and Canada are the key markets for lecture capture systems in North America.

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Lecture Capture Systems Market 2022-2026: Key Highlights

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist lecture capture systems market growth during the next five years
• Estimation of the lecture capture systems market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the lecture capture systems market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of lecture capture systems market vendors

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Full story available on Benzinga.com

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